Headquartered in New York, NY, Cravath, Swaine & Moore has approximately 572 attorneys across 3 offices and traces its history to 1819.
First-year comp
$255,000+
Reported first-year compensation
Summer associates
142
Reporting year not confirmed; 100% reported offer rate
Partnership track
9 years
Reported path to partnership
Vault 100
#1
Overall firm rank
Cravath's associate-development model is one of its most distinctive published features. New associates choose among Corporate, Litigation, Tax, Executive Compensation and Benefits, and Trusts and Estates. The firm says it primarily recruits lawyers at the beginning of their careers, either after law school or following a clerkship.
Within Corporate, Litigation and Tax, associates work with a partner or small group of partners before rotating to another team in the same department. The rotations continue through the associate years. The purpose, as Cravath describes it, is to build experience across a department's work rather than confining a lawyer immediately to a narrow specialty. These are departmental rotations, not a promise that every associate moves between all five departments.
The firm emphasizes direct partner oversight of training and development within this structure. Its published explanation also connects rotations with preparation for partnership and the ability to handle different client problems within a practice. The concrete difference for students is the relationship between assignment, supervision and breadth of training within a chosen department.
External community opinions; not verified firm facts.
Filter reported rankings by market or practice. These records may be historical; years and markets are shown where reported. Individual ranking verification status is not available. A firm profile link does not verify a particular ranking.
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| Practice | Market | Recognition |
|---|---|---|
Antitrust | Nationwide | Chambers Band 1 Reported year: 2026 Source recorded; verification status unavailable |
Antitrust | New York | Chambers Band 1 Reported year: 2026 Source recorded; verification status unavailable |
Bankruptcy/Restructuring: Highly Regarded | New York | Chambers Band 1 Reported year: 2026 Source recorded; verification status unavailable |
Capital Markets: Investment Grade Debt: Issuer Counsel | Nationwide | Chambers Band 1 Reported year: 2026 Source recorded; verification status unavailable |
Capital Markets: Investment Grade Debt: Manager Counsel | Nationwide | Chambers Band 1 Reported year: 2026 Source recorded; verification status unavailable |
Corporate Crime & Investigations: Highly Regarded | Nationwide | Chambers Band 1 Reported year: 2026 Source recorded; verification status unavailable |
Corporate/M&A: The Elite | Nationwide | Chambers Band 1 Reported year: 2026 Source recorded; verification status unavailable |
Corporate/M&A: The Elite | New York | Chambers Band 1 Reported year: 2026 Source recorded; verification status unavailable |
Employee Benefits & Executive Compensation | New York | Chambers Band 1 Reported year: 2026 Source recorded; verification status unavailable |
Environment: Mainly Transactional | New York | Chambers Band 1 Reported year: 2026 Source recorded; verification status unavailable |
Profits per partner
$7.2M
AmLaw #50